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Sunday 11th of October 2009
May 26, 2009    

Miner Eurasian adds 6.79 percent in London

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by Elaine Frei
Miner Eurasian adds 6.79 percent in London

Most European equities markets were higher Tuesday, but London markets were mixed as the FTSE 100 added 1.06 percent to 4,411.72 but the FTSE 250 dropped 0.15 percent to 7,530.02.

Miners led both the 100 and 250, with Eurasian Natural Resources (LSE: ENRC) up 6.79 percent on the 100 while Hochschild Mining (LSE: HOC) led both the 250 and the sector which, nevertheless, remained mixed overall.

The FTSE Eurofirst 300 was up 0.96 percent to 865.91 while the IBEX added 0.62 percent to 9,405.7, the CAC-40 was 1.05 percent higher to 3,270.09 and the Dax gained 1.37 percent to 4,985.6.

Markets in the Asia-Pacific region were mostly lower on concerns raised by North Korea’s claims of new missile tests and threats of even more to come.

In Tokyo, the Nikkei 225 was down 0.39 percent to 9,310.81 but the Topix index added 0.09 percent to 883.77 and the Mothers market was 1.63 percent higher to 375.28.

Also seeing gains were Australian markets, where the Sydney Ordinaries added 1.24 percent to 3,781.6 and the S&P/ASX200 gained 1.35 percent to 3,788.4.

The Hang Seng and the Taiex each were 0.76 percent lower, to 16,991.56 and 6,683.11 respectively, while the Shanghai Composite fell 0.82 percent to 2,588.58, the Straits Times Index was down 1.26 percent to 2,238.79, the Kospi was 2.06 percent lower to 1,372.04 and the Sensex dropped 2.33 percent to 13,589.23.

At nearly 1:30 p.m. in New York the Dow Jones Industrial Average was 2.34 percent higher to 8,470.86 while the Nasdaq Composite had added 3.18 percent to 1,745.77 and the S&P 500 was up 2.42 percent to 908.5.

Crude oil prices were higher while metals and grains prices were mixed.

The South African rand was weaker as the economy in South Africa entered recession for the first time in 17 years while the pound gained on the euro.

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